Definition of Equity

Noun: equity e-kwu-tee

The difference between the market value of a property and the claims held against it
The ownership interest of shareholders in a corporation
Conformity with rules or standards
"the judge recognized the equity of my claim";
- fairness
Treatment of different views or opinions equally and fairly
- impartiality, nonpartisanship
(law) a legal tradition dealing with fairness and ethics